Insurance Companies Compete Over Al-Sheikh Zayed’s Tender

An official source has revealed that 3 insurance companies are waiting for tender’s financial envelopes to be opened. The tender is organized to determine the company that will be responsible for the insurance of Al-Sheikh Zayed Development Apparatus.
Source pointed out that 3 companies have passed the stage of the technical envelopes, off a large number of insurers working in the Egyptian market.
Source added that these companies include Misr Insurance, Royal Insurance, and Wethaq Takaful Insurance, noting that the technical all of the tender’s envelopes have been opened before the feast, while the date of opening those of the three companies has not been specified yet. The insurance tenders include covering all the risks relating the property, buildings, installations, the assets and stores of the Apparatus, in addition to the car fleet and the treasury.
It is also noted that the Ministry of Housing and New Urban Communities Authority, has announced Launching the tender during this August.